Ripple Price Analysis: XRP/USD peeks back above the $0.188–level as bulls attempt a comeback

XRP/USD bulls come back into the market following two straight bearish days.
The MACD shows sustained bearish market momentum.

Rajarshi Mitra Independent Analyst

XRP/USD daily chart

XRP/USD bulls re-entered the market, following two straight bearish days. The price has recovered from $0.1871 to $0.1882 in the early hours of Saturday. The MACD shows sustain bearish market momentum, while the Elliott Oscillator has had three straight red sessions. All the indicators show that overall market sentiment is extremely bearish and further price drop could be expected.

Support and Resistance

XRP/USD has four strong resistance levels upfront at $0.19, $0.1932, SMA 20 and SMA 50. On the downside, there are healthy support levels at $0.1858 and $0.1816.

Key levels

XRP/USD

Overview
Today last price	0.1877
Today Daily Change	0.0006
Today Daily Change %	0.32
Today daily open	0.1871

Trends
Daily SMA20	0.1981
Daily SMA50	0.2021
Daily SMA100	0.1904
Daily SMA200	0.2116

Levels
Previous Daily High	0.19
Previous Daily Low	0.1865
Previous Weekly High	0.1988
Previous Weekly Low	0.1821
Previous Monthly High	0.2268
Previous Monthly Low	0.178
Daily Fibonacci 38.2%	0.1878
Daily Fibonacci 61.8%	0.1887
Daily Pivot Point S1	0.1857
Daily Pivot Point S2	0.1843
Daily Pivot Point S3	0.1822
Daily Pivot Point R1	0.1893
Daily Pivot Point R2	0.1914
Daily Pivot Point R3	0.1928

Author

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.